IT / ITS Sector

India is the leading sourcing destination across the world, accounting for approximately 55 % market share
of the USD 185-190 billion global
services sourcing business in 2017-18. Indian IT & ITeS companies have set up over 1,000 global delivery
centers in about 80 countries
across the world. India has become the digital capabilities hub of the world with around 75% of global
digital talent present in the country

IT/ITeS Sector Growth in India

India’s IT & ITeS industry grew to USD 167 billion in 2017-18

Exports from the industry increased to USD 126 billion in 2017-18

Domestic revenues (including hardware) advanced to USD 41 billion

Spending on IT in India is expected to grow over 9 % to reach USD 87.1 billion in 2018

Sector expected to reach USD 350 billion by 2025
Sector is among the leading employment generators with employing 3.97 million people in FY17,
while 105,000 added in FY18